FreightTech venture investing is super hot, but most of these startups continue to lose money. Is this a fad or something else? Last year, FreightWaves created a FreightTech Venture Index […]
Shale oil rig count on decline since November last year; price of renewable hydrogen fuel decreases; Apple lays off 190 employees of its self-driving car program; Europe looking to create standard regulations for hyperloop infrastructure across the continent.
An overview of what’s happening in the global markets right now.
Autonomous truck technology has the potential to change the cost structure of the carrier industry. A McKinsey & Company report said that a fully autonomous trucking market would cut operating costs by 45 percent, saving carrier companies between $85 billion and $125 billion annually.
FreightWaves raises $13 million from venture capital investors from San Francisco, Chicago, Detroit, Washington DC, and New York to continue scaling the freight market analytics platform.
